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Austria's former finance minister Michael Spindelegger, who resigned last year over tax reform, has a new job as director of the Agency for the Modernization of Ukraine (AMU) it was announced on Tuesday.

The newly founded agency will be based in Vienna and its mission will be to provide both humanitarian and economic assistance to Ukraine. It is funded by the Federation of Employers of Ukraine - which is supported by Ukrainian oligarchs, including Dmitry Firtash who is under house arrest in Vienna.

Other prominent European politicians such as German SPD member Peer Steinbrück, former French Foreign Minister Bernard Kouchner and former EU Commissioner Günter Verheugen will also work with the AMU, the Kronen Zeitung newspaper reported.